Lookonchain, an on-chain data analysis platform, shared updated data yesterday, highlighting an address that performed a large-scale cryptocurrency transfer. According to the information disclosed by Lookonchain, an address containing a substantial amount of ETH executed a sale of 4500 ETH, valued at an average of $8.3 million, at a price level of $1859.
Massive 4500 ETH Sale by an Ethereum Whale
With the ongoing uncertainty in the cryptocurrency market, current data shared by crypto analysis platforms indicates that some whales, in recent times, have begun to carry out sales in various quantities again.
Lookonchain, an on-chain data analysis platform that shares data on large-scale cryptocurrency transactions performed by addresses referred to as ‘whales’ in the crypto ecosystem, drew attention yesterday to a large-scale sale carried out by an Ethereum whale. This Ethereum whale, according to the data shared by Lookonchain, conducted a sale of 4500 ETH, worth an average of $8.3 million, at a price level of $1859.
Ethereum (ETH) Nears the $1900 Mark Again
Despite the onset of selling trends by Ethereum whales, Ethereum started to accelerate its value increase since this morning, as the cryptocurrency market shifts back to an upward trend. The leading cryptocurrency Bitcoin (BTC) began trading at $27,150 price levels following its value increases in the last 24 hours, while Ethereum (ETH) started trading at $1893 levels and is nearing the $1900 price levels again.
According to the latest data from CoinMarketCap (CMC), the total market value of the crypto ecosystem has reached $1.14 trillion. Meanwhile, Coinglass data indicates that due to market volatility, an average of $55 million worth of short and long positions have been liquidated in the last 24 hours.
